Forrester Research, Inc. Forecasted to Earn Q3 2024 Earnings of $0.19 Per Share (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) – Equities researchers at Sidoti Csr dropped their Q3 2024 earnings per share (EPS) estimates for Forrester Research in a research report issued to clients and investors on Monday, September 30th. Sidoti Csr analyst A. Soderstrom now anticipates that the technology company will post earnings of $0.19 per share for the quarter, down from their prior forecast of $0.20. The consensus estimate for Forrester Research’s current full-year earnings is $0.95 per share.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.09). Forrester Research had a return on equity of 6.52% and a net margin of 0.32%. The business had revenue of $121.83 million for the quarter, compared to analyst estimates of $121.21 million.

Separately, StockNews.com cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Tuesday.

Forrester Research Stock Performance

NASDAQ:FORR opened at $16.93 on Tuesday. The firm’s fifty day simple moving average is $18.46 and its 200 day simple moving average is $18.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. Forrester Research has a twelve month low of $16.14 and a twelve month high of $29.93. The firm has a market capitalization of $323.48 million, a price-to-earnings ratio of 564.33, a PEG ratio of 1.39 and a beta of 0.87.

Insider Buying and Selling at Forrester Research

In other news, insider Ryan Darrah sold 3,895 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $18.26, for a total transaction of $71,122.70. Following the transaction, the insider now directly owns 19,640 shares of the company’s stock, valued at $358,626.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 39.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FORR. Point72 DIFC Ltd raised its position in shares of Forrester Research by 62.4% in the 2nd quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after purchasing an additional 658 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Forrester Research by 52.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock worth $42,000 after purchasing an additional 533 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Forrester Research in the 1st quarter valued at about $186,000. Paloma Partners Management Co bought a new position in shares of Forrester Research during the first quarter worth about $222,000. Finally, Quantbot Technologies LP acquired a new position in Forrester Research in the first quarter worth about $223,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.